JIM McGUIRE Earns Prestigious Designation to Help Homeowners
in Danger of Foreclosure
Fort Mill, SC - 12/07/2009 - Jim McGuire of Keller Williams Realty has earned the prestigious Certified Distressed Property Expert® (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education accumulated by McGuire will help benefit the Fort Mill and York County area residents and communities.
Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
Today, more than 13 percent of homeowners are delinquent on their mortgage or in the foreclosure process. This is occurring across all price ranges, and the fastest-growing category of homes in foreclosure is the luxury home market. McGuire says that research shows that 7 out of 10 families that lose their home to foreclosure never pick up the phone and ask for help. They are not aware that they have options. They do!
"The CDPE designation has been invaluable as I work with homeowners and lenders on complicated short sales," said McGuire. "It is so rewarding to be able to help families save their homes from foreclosure."
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that "Realtors® such as McGuire with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys their credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience", he said.
The Distressed Property Institute opened in January 2008 and provides training on-site and online. The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.
"Our goal is to help as many homeowners as possible, by educating as many real estate professionals as possible," Charfen said. "Jim McGuire has demonstrated a commitment to the struggling homeowners, and will provide much-needed assistance in stabilizing the community."
For more information about CDPE designation or to find a CDPE Realtor in your area, please call 1-800-482-0335 or visit www.cdpe.com